News & Updates

Credit notes or VAT bad debt relief claim – which?

Credit notes or VAT bad debt relief claim – which?

Credit notes or VAT bad debt relief claim – which?Jess Brooks
Published on: 28/08/2025

Unpaid invoices can impact VAT reporting. Should you issue a credit note or claim bad debt relief? Learn the rules, conditions, and practical steps to stay compliant.

Entrepreneur
The tax consequences of not repaying an 'illegal dividend'

The tax consequences of not repaying an 'illegal dividend'

The tax consequences of not repaying an 'illegal dividend'Jess Brooks
Published on: 26/08/2025

Dividends can only be paid from available profits. If declared illegally, directors may face tax charges, loan implications, or even personal liability. Here’s what you need to know.

Entrepreneur
The tax position when partners do not receive the profit share they are allocated

The tax position when partners do not receive the profit share they are allocated

The tax position when partners do not receive the profit share they are allocated Jess Brooks
Published on: 25/08/2025

Partnerships don’t pay tax directly, each partner is taxed on their profit share. But what happens when profit allocations are disputed? Learn the tax rules and HMRC’s approach.

Entrepreneur
Too much cash in the company?

Too much cash in the company?

Too much cash in the company?Jess Brooks
Published on: 31/07/2025

Is your company holding too much cash? Learn smart and tax-efficient strategies for managing surplus funds—from high-interest savings and pensions to property investment and BADR planning.

Entrepreneur